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Nov 11, 2012
11/12
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economy. with just 51 days until the so-called fiscal cliff, will president obama and congress be able to bridge the divide and find a solution? cnn's athena jones takes a closer look at what's at stake. >> it's time to get back to work. >> reporter: with the election in the rear view mirror, the focus in washington is back on efforts to avoid the economically devastating fis cat cliff. if we just go over the cliff and let those policies stake in effect, we're basically going to undo the recovery. neither party wants to be blame for that. the cliff amounts to $7 trillion in cuts and tax increases over the next decade. the threat of these painful cuts set to begin on january 1st is part of the deal the congress and the president made last year to force them to agree on a long-term deficit reduction plan. >> this is an unprecedented scenario that congress has basically put a gun to its oven head who's said if we don't act, we're going to shoot ourselves. >> so far that long-term plan hasn't mate
economy. with just 51 days until the so-called fiscal cliff, will president obama and congress be able to bridge the divide and find a solution? cnn's athena jones takes a closer look at what's at stake. >> it's time to get back to work. >> reporter: with the election in the rear view mirror, the focus in washington is back on efforts to avoid the economically devastating fis cat cliff. if we just go over the cliff and let those policies stake in effect, we're basically going to...
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Nov 15, 2012
11/12
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MSNBC
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he framed it as a binary choice as you can address the economy or climate change. if it's a choice between the two, it's no choice to me. i go with the economy. the bottom line is his administration has imposed new emission standards. for several reasons we're in line to be complianted with the emission reduction standard for 2020. that's the good news. after 2020 the standards for reductions really kind of multiply. if you want to be in compliance with them, if we want to solve this problem, we need to be doing it right now. we need to take action right now. yeah, i think bloomberg, if he thought endorsing obama was going to make this the centerpiece the second term, he got snookered. >> jay carney told reporters we would never propose a carbon tax. this is where they are. >> we have to start with education. i can't believe we're arguing about is this really. is this man made? i don't understand that. hurricane sandy is more like the new normal. you talk about 1 in 100 year storm. that's not the next 100 years. we may see one that year or the year after that. sand
he framed it as a binary choice as you can address the economy or climate change. if it's a choice between the two, it's no choice to me. i go with the economy. the bottom line is his administration has imposed new emission standards. for several reasons we're in line to be complianted with the emission reduction standard for 2020. that's the good news. after 2020 the standards for reductions really kind of multiply. if you want to be in compliance with them, if we want to solve this problem,...
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Nov 15, 2012
11/12
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WUSA
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on wednesday the president met with business leaders to talk about the economy. meanwhile stocks have fallen steadily since mr. obama won re-election. the dow lost 185 points on wednesday. it's down 430 points since election day. nancy cordes reports on the looming high budget battle. >> step number one we can take in the next couple of weeks provide certainty to middle class families, 98% of families who make less than $250,000 a year, 97% of small businesses that their taxes will not go up a single dime next year. give them that certainty right now. >> reporter: but john boehner has ball clubbed at that idea. it would take away his party's leverage in calf issues. >> there's a lot of issues on the table that need to be resolved. i laid out a reasonable framework where both parties can work together and i'm looking forward to meet at the white house on friday and begin that conversation. >> reporter: boehner and other top republicans have proposed eliminating deductions and loopholes that benefit the wealthy instead of raising their tax rates. >> we're not going
on wednesday the president met with business leaders to talk about the economy. meanwhile stocks have fallen steadily since mr. obama won re-election. the dow lost 185 points on wednesday. it's down 430 points since election day. nancy cordes reports on the looming high budget battle. >> step number one we can take in the next couple of weeks provide certainty to middle class families, 98% of families who make less than $250,000 a year, 97% of small businesses that their taxes will not go...
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Nov 9, 2012
11/12
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so if this goes into 2013, the economy won't crater. it is not a ridiculous trip. we have a strategic interest in containing china. this is about china. >> greta: he could send the secretary of state, hillary clinton. he did that when he didn't want to talk to netanyahu or the president of yemen. he is quite used to outsourcing to the secretary of state. even congressman van hollen, saying how horrible this is to the average american person, if we go over the cliff. if you don't care when you know the deadline, i don't think you are doing your job, kim. >> i do think there is a difference from other deadline-itis of the past. we have had an election. before this, everyone knew everyone, when they went do the debt limit talks, everyone was holding their cards back approximate it was about how can you play this best, knowing the election is coming. it's over. everyone's waiting to figure out what is going to be the negotiating position. these guys need some time sniff each other out so they can get down to the nitty-gritty. the longer he's gone, the harder it will be
so if this goes into 2013, the economy won't crater. it is not a ridiculous trip. we have a strategic interest in containing china. this is about china. >> greta: he could send the secretary of state, hillary clinton. he did that when he didn't want to talk to netanyahu or the president of yemen. he is quite used to outsourcing to the secretary of state. even congressman van hollen, saying how horrible this is to the average american person, if we go over the cliff. if you don't care when...
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Nov 16, 2012
11/12
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we've got to make sure that taxes don't go up on middle class families, that our economy remains strong, that we're creating jobs, and that is an agenda democrats and republicans and independents, people all across the country share. >>> getting the lion's share of attention today in washington is general petraeus. his testimony before two closed hearings. the first with the house intelligence committee at 7:30 a.m. this morning. his second started about two hours ago with the senate intel committee. new york congressman peter king revealing after the house hearing there was one question early on about petraeus's affair with biographer paula broadwell. >> he was asked at the start did that have any impact on his testimony? he said no. >> but the focus of the hearing was the deadly attack of the u.s. consulate in benghazi and congressman dutch ruppersberger saying the former cia director made it clear there was terrorist involvement. >> he reinforced the fact that initially, the first 24 hours, he felt at that point or the cia felt at that point that this was a protest as a result of wha
we've got to make sure that taxes don't go up on middle class families, that our economy remains strong, that we're creating jobs, and that is an agenda democrats and republicans and independents, people all across the country share. >>> getting the lion's share of attention today in washington is general petraeus. his testimony before two closed hearings. the first with the house intelligence committee at 7:30 a.m. this morning. his second started about two hours ago with the senate...
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Nov 16, 2012
11/12
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WMAR
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confidence of the markets and most importantly, the confidence of the consumers, returns to infuse our economy with demand, which creates jobs. >> and we will see more of nancy pelosi and martha when martha sits in for george stephanopoulos sunday morning, hosting "this week." >>> and tonight, a town in west texas is grieving. it was supposed to be a celebration of veterans but that turned into a tragedy when the freight train smashed into a parade float. the parade float was stuck on the tracks in midland, texas, and then a screen described as a war zone, when heroes of war became heroes once again. army veterans pushing their wives to safe tip as the train roared towards them. but four of those veterans were on the float as the train hit, lost their lives and, today, federal investigators are still trying to sort out why this happened. >>> and coming up here, after the break, on "world news," is it the end of the twinkie? is hostess getting ready to sell its secret recipe? and what is inside that white goo you may have never realized. [ male announcer ] it's simple physics... a body at rest
confidence of the markets and most importantly, the confidence of the consumers, returns to infuse our economy with demand, which creates jobs. >> and we will see more of nancy pelosi and martha when martha sits in for george stephanopoulos sunday morning, hosting "this week." >>> and tonight, a town in west texas is grieving. it was supposed to be a celebration of veterans but that turned into a tragedy when the freight train smashed into a parade float. the parade...
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Nov 15, 2012
11/12
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FOXNEWS
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south africa economy is still developing. 2.5% this year. that is not enough to make a real dent in unemployment. now around 25%. >> while some of the issues in south africa are unique, others are dealt with in europe, the states and elsewhere. including the balancing act between labor demands, company's bottom lines and getting people back to work. chris? >> chris: greg palkot reporting from london. still ahead -- we will talk live with senate intelligence committee vice chair saxby chambliss about the libya hearing he is attending as soon as the hearing ends. t first, what a staten island storm victim wants to see from president obama as he tours the massive damage. humans -- even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else mes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >> chris: in a record settlement
south africa economy is still developing. 2.5% this year. that is not enough to make a real dent in unemployment. now around 25%. >> while some of the issues in south africa are unique, others are dealt with in europe, the states and elsewhere. including the balancing act between labor demands, company's bottom lines and getting people back to work. chris? >> chris: greg palkot reporting from london. still ahead -- we will talk live with senate intelligence committee vice chair...
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Nov 12, 2012
11/12
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WUSA
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. >> everybody recognizes that this will be a terrible thing for american families, for our economy, for just running the government in a sensible way. >> president obama has said any deal must include a tax increase on wealthy americans. an idea that republicans are pushing back against. >> raising those rates on january 1st would according to the independent firm ernst and young destroy 700,000 american jobs. >> but on "face the nation" sunday republican senator lindsey graham said the gop would be open to other means of increasing revenue. >> we don't need to raise taxes, we need to limit loop shoels and deductions for the wealthy. >> while members are not supportive of the tax plan, john boehner are urging them to make compromise, something president obama senior adviser david axelrod called encouraging. >> there's money tbe gained by closing some of these loopholes and applying them to deficit reductions. >> one half of those automatic spending cuts would affect the defense department's budget. david martin shows us what that means for the military. >> reporter: the dreaded sequ
. >> everybody recognizes that this will be a terrible thing for american families, for our economy, for just running the government in a sensible way. >> president obama has said any deal must include a tax increase on wealthy americans. an idea that republicans are pushing back against. >> raising those rates on january 1st would according to the independent firm ernst and young destroy 700,000 american jobs. >> but on "face the nation" sunday republican...
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Nov 12, 2012
11/12
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honestly 35 to 389% by itself is not going to cripple the economy. president obama's proposal. he ran on it let him implement it. if things slow down it's his fault and that's fine with me. i hope things don't slow down i hope we get reeling tax reform in 2014. i'm pulling the archive tape for you, charles. stay tuned for a special veterans day close to our program. where others fail, droid powers through. introducing the new droid razr maxx hd by motorola. now more than ever droid does. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >> bret: veterans day was sunday. today it's being ontd as a federal holiday. steve centanni on one wounded warrior is getting much needed help that hits home. >> it's a homec
honestly 35 to 389% by itself is not going to cripple the economy. president obama's proposal. he ran on it let him implement it. if things slow down it's his fault and that's fine with me. i hope things don't slow down i hope we get reeling tax reform in 2014. i'm pulling the archive tape for you, charles. stay tuned for a special veterans day close to our program. where others fail, droid powers through. introducing the new droid razr maxx hd by motorola. now more than ever droid does. he...
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Nov 15, 2012
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economy? >> yes, absolutely, martin. because the middle class actually, their spending keeps the economy going. the rich are not the job creators in america. the truth is it's the middle class and the middle class spending that justifies to businesses expanding and creating more jobs. if the middle class is squeezed by additional taxes, if the middle class loses ground as they have been losing ground because the median wage today is 8% lower adjusted for inflation than it was in 2000, if the middle class continues to lose ground, the middle class can't spend. if the middle class can't spend, then we're not going to have more jobs and we're not going to have a better recovery. it's as direct and simple as that. >> excellent. okay. that's a good answer. given the precarious position we're in, history ought to provide some lessons. so i went back to your own book "after shock" where you say the 1990s boom was not the result of a tax cut. most of it followed bill clinton's 1993 tax increase. now, mitt romney has just spent t
economy? >> yes, absolutely, martin. because the middle class actually, their spending keeps the economy going. the rich are not the job creators in america. the truth is it's the middle class and the middle class spending that justifies to businesses expanding and creating more jobs. if the middle class is squeezed by additional taxes, if the middle class loses ground as they have been losing ground because the median wage today is 8% lower adjusted for inflation than it was in 2000, if...
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Nov 15, 2012
11/12
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it can help the economy. and that's a story that really didn't get out there in this election, and the republican party needs to get better at doing that. >> jp, senior obama campaigned a virz david action l roll sent out this tweet in response, saying still looking for america through that 47% prism that tells donors to take him in. do romney's remarks hurt republicans at a time when they're trying to reach out to minority voters? trying to change the narrative here? >> it hurts. unfortunately for romney, he's going to play much less of a roll in the party now that his bid is over, now that he lost the election. i think people like bobby jindal will have a much louder voice. i think it's a little bit of a step back. but bobby jindal is putting forward the right kind of message, which is the republican party should be going after 100% of voters, not just 53%. >> and governor jindal was visibly annoyed by mitt romney ease comments. but the question may be, did he do a good job in speaking for republicans, tryi
it can help the economy. and that's a story that really didn't get out there in this election, and the republican party needs to get better at doing that. >> jp, senior obama campaigned a virz david action l roll sent out this tweet in response, saying still looking for america through that 47% prism that tells donors to take him in. do romney's remarks hurt republicans at a time when they're trying to reach out to minority voters? trying to change the narrative here? >> it hurts....
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Nov 9, 2012
11/12
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i think they honestly believe and i agree that raising tax rates on capital gains will hurt the economy. but there's another side which is the spending side and there are some republicans who say look if the democrats and president obama won't negotiate well let's just do these automatic across the board spending cuts may be the only way we can get democrats to cut the budget. >> some out there in the financial markets they say look we need to cut four times more than the president is proposing under his $4 trillion plan. i'm curious your take why the president has been silent. i guess this is strategic. boehner gave an interview a press conference. he's giving a press conference tomorrow. earlier cnn was told the president won't say anything but tonight we heard he'll make a statement tomorrow. >> the election was two days ago. today is thursday. he'll make a statement tomorrow. markets are volatile and reacting. that's why the president wants to say something before he goes asia. we do need to hold down spending. no question. nobody is suggesting that this compromise is not going to i
i think they honestly believe and i agree that raising tax rates on capital gains will hurt the economy. but there's another side which is the spending side and there are some republicans who say look if the democrats and president obama won't negotiate well let's just do these automatic across the board spending cuts may be the only way we can get democrats to cut the budget. >> some out there in the financial markets they say look we need to cut four times more than the president is...
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Nov 13, 2012
11/12
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MSNBC
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but if there are tax increases, that could set the economy back. something the cbi warns if nothing happens could send the economy back into recession. the message in washington is how do we avert this crisis. it's not how are we going to create jobs right now. >> i guess we'll have to wait a little longer. thank you. >>> up next, bizarre doesn't cut it. a shirtless fbi agent, another top general and 30,000 pages of e-mails and documents. the new twists and turns in the spy scandal as we roll on, tuesday, november 13th. [ male announcer ] zeebox is the free app that makes watching tv even better. if your tv were a hot dog zeebox would be some sort of fancy, french mustard. when they magically unite, people would think, "woah, this two dollar hot dog tastes like a fancy eight dollar hot dog." download zeebox free, and say "woah" every time you watch tv. >>> the already bizarre petraeus scandal took a weirder turn today adding to the cast of real housewives military space. when john allen was ree vealed is also being investigated for his link to one
but if there are tax increases, that could set the economy back. something the cbi warns if nothing happens could send the economy back into recession. the message in washington is how do we avert this crisis. it's not how are we going to create jobs right now. >> i guess we'll have to wait a little longer. thank you. >>> up next, bizarre doesn't cut it. a shirtless fbi agent, another top general and 30,000 pages of e-mails and documents. the new twists and turns in the spy...
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>> piers i do believe the economy is ip pron proving. one of the reasons the economy is improving is that it was brave. it was not a popular decision at the time. it was brave to move forward on the recovery act. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that. i believe that gives us a chance to move forward on a series of fronts and further strengthen our economy. we are not losing 800,000 jobs a month anymore. we are gaining them. and that foundation that has been laid it is a foundation on which we can build progress. >> one is i understand that the first person that the president called after knowing that he won was bill clinton, is that right? >> yes. >> well there is no question about it. as he said to president clinton, he was the most valuable player in this campaign,ing and you know, we got a chance to spend some time with presiden
>> piers i do believe the economy is ip pron proving. one of the reasons the economy is improving is that it was brave. it was not a popular decision at the time. it was brave to move forward on the recovery act. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that. i believe that gives us a...
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Nov 16, 2012
11/12
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half away from the fiscal cliff, the massive tax hikes and spending cuts that threaten to push the economy back into recession. lawmakers in washington met with the president today in a first step to try to find a way back from the abyss. chief washington correspondent james rosen tells us how it went. >> with that, we're going to get to work. >> the president hosting leaders from both parties and chambers of congress at the roosevelt room and appears to be sticking to his guns on taxes for higher income earningsers, own obliquely reining in entitlement spending. >> my hope is this going to be the beginning of a fruitful process where we're able to come to an agreement that will reduce our deficit, in a balanced way, that we will deal with some of these long-term impediments to growth. >> after the hour long session, republicans said nothing to signal acquiescence in any tax bracket and insisting higher revenues can come from the closure of tax loopholes. to show our seriousness, we put revenue on the table as long as it's accompanied by significant spending cuts. >> you can't save the cou
half away from the fiscal cliff, the massive tax hikes and spending cuts that threaten to push the economy back into recession. lawmakers in washington met with the president today in a first step to try to find a way back from the abyss. chief washington correspondent james rosen tells us how it went. >> with that, we're going to get to work. >> the president hosting leaders from both parties and chambers of congress at the roosevelt room and appears to be sticking to his guns on...
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Nov 14, 2012
11/12
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let's try to save this economy, not hurt it. bill: if the president gets his way what happens to the economy. >> if the republicans were cynical they would let the president have his tax increases and let the economy go off a cliff like what's happening in europe and pick up the political pieces. but thankfully the house republicans don't want to let that happen. the president will learn even though he won the election, he's not the on one who makes decision in this country. bill: steve forbes in new york. so there is a wild car crash that was caught on camera. who police say was behind the wheel and what happened. look at this. we'll show you. bill: the battle over allen west's seat in congress is still not decided. he says he's filing complaints after votes apparently disappeared in a recount. >> if this is about filtering the election shame on them. i can understand people may not want to see me win an election but they should not do it at the expense of the voters. [ male announcer ] when was the last time something made you
let's try to save this economy, not hurt it. bill: if the president gets his way what happens to the economy. >> if the republicans were cynical they would let the president have his tax increases and let the economy go off a cliff like what's happening in europe and pick up the political pieces. but thankfully the house republicans don't want to let that happen. the president will learn even though he won the election, he's not the on one who makes decision in this country. bill: steve...
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Nov 16, 2012
11/12
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what type of effect would that have for the economy? i'll start with you, jim? >> if if we fall off the cliff and stay off, it's absolutely going to push us back into another recession because we are going to see the spending cuts and the tax increases take a big bite in fiscal policy from our gdp growth and we're not in a great place to start with. so if we fall off and they can't come to it a deal later, are right away it's probably not terrible but the longer it persists, the chances of another recession. >> and europe does not want to see that, i presume. >> i think you've actually had a preview of what's going to happen. every time there has been a sign of flexibility in the preliminary chatter of the last week, the market goes down. it's now off around 5%. businesses are cutting back significantly on investment plans waiting for the outcome. i've spent the last week talking to a lot of folks in the market. their assumption is we get past the fiscal cliff whether it's kick the can, grand bargaining. if it doesn't, then the market is not ready for that. >> a
what type of effect would that have for the economy? i'll start with you, jim? >> if if we fall off the cliff and stay off, it's absolutely going to push us back into another recession because we are going to see the spending cuts and the tax increases take a big bite in fiscal policy from our gdp growth and we're not in a great place to start with. so if we fall off and they can't come to it a deal later, are right away it's probably not terrible but the longer it persists, the chances...
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Nov 14, 2012
11/12
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economy of course because exports to europe are down. so the dent in purchasing power here is affecting the economy. back in america. jenna. jenna: underscores the importance of our debate over the fiscal cliff as well. amy, thank you. rick: u.s. women's soccer team goalkeeper hope solo, allegedly the victim of domestic violence. police arresting her boyfriend the day berp they were to get married. patti ann browne is live. >> reporter: the story is sketchy. hope solo and football player jeremy stephens were planning to get married yesterday. that didn't happen. stevens, a former tight end for the seattle seahawks was arrested monday on suspicion of domestic violence. but he was released after a court appearance yesterday which the judge said there was not enough evidence to hold him. it happened in kirkland, washington, a sub bausch of seattle. solo's 34-year-old brother called 911 to report a fight at party. marcus solo said there was physical altercation involving eight people and he use ad stun gun on one of them. solo, the 33-year-o
economy of course because exports to europe are down. so the dent in purchasing power here is affecting the economy. back in america. jenna. jenna: underscores the importance of our debate over the fiscal cliff as well. amy, thank you. rick: u.s. women's soccer team goalkeeper hope solo, allegedly the victim of domestic violence. police arresting her boyfriend the day berp they were to get married. patti ann browne is live. >> reporter: the story is sketchy. hope solo and football player...
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Nov 13, 2012
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grow the economy? lower rates? get rid of loopholes. request like loopholes. >> you want do make sure you get something for the other side. you are so tired of the election you will cave for anything. >> the best outcome is do something, build a bridge to 2013 and we don't go over the fiscal cliff of higher capital gains and dividends and have a debate of how to reform the tax system. i would blow the whole system up and start over and get the rates down to 18 percent or 19 percent. i like what steve forbes talked about in anybody 96 -- in 1996, a flat tax. there would be so much growth, you would not believe it. you want jobs, have a flat tax. >>neil: i am a hugger, not a hater. the president, today, meeting with labor leaders, the first round of fiscal cliff talks and my guest is one of them, and he heads up the national education association. good do have you. how did it go? >>guest: good meeting. we had an opportunity to talk about what we believe is important and as you mentioned this is the first of three meeting, and he went with
grow the economy? lower rates? get rid of loopholes. request like loopholes. >> you want do make sure you get something for the other side. you are so tired of the election you will cave for anything. >> the best outcome is do something, build a bridge to 2013 and we don't go over the fiscal cliff of higher capital gains and dividends and have a debate of how to reform the tax system. i would blow the whole system up and start over and get the rates down to 18 percent or 19 percent....
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s economy is actually showing signs of recovery fact thankfully it's not great but no one's great but it's better than the average and let's not forget we're a huge importer of goods and services from the e.u. with their largest customer it's three billion pounds every month more english and services being imported into the u.k. and export it to the rest of the you so i think we're in a strong position for a trading relationship and we really don't want to get into this political union which is totally against what the british people want what sort of supporter you getting amongst the british people with your stance. well it's very warm i mean i represent i represent to go to the polls a majority of the british people regardless of being left or right it's not a left right thing is about democracy. polls indicate about fifty three fifty four percent of the british people want to actually do all for you it's two thirds of my own party the conservative party so it's a very strong feeling we need obviously a trading relationship to be put in place but you know under the list when true to
s economy is actually showing signs of recovery fact thankfully it's not great but no one's great but it's better than the average and let's not forget we're a huge importer of goods and services from the e.u. with their largest customer it's three billion pounds every month more english and services being imported into the u.k. and export it to the rest of the you so i think we're in a strong position for a trading relationship and we really don't want to get into this political union which is...
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Nov 9, 2012
11/12
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WBAL
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call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects inclu
call or come in today to take control of your personal economy. get one-on-one help from america's retirement leader. if you're a man with low testosterone, you should know that axiron is here. the only underarm treatment for low t. that's right, the one you apply to the underarm. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where...
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217
Nov 8, 2012
11/12
by
WBAL
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eye 217
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. >> reporter: the economy could go off that cliff. so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an additional $4,000 in taxes per year, for those with three children or more, that jumps to $4700, on top of that, the payroll tax cut would expire, so add on a 2% tax increase for most workers, with automatic spending cuts in a thousand government programs, including defense, medicare, extended unemployment benefits. everything but veteran's benefits and social security pension. congress says that action would act as a break on the economy, throwing it back into recession and could cause a market crash. >> people watching very closely is can the administration actually tackle those fiscal issues,
. >> reporter: the economy could go off that cliff. so what exactly is the fiscal cliff? it is a nightmare combination of tax hikes and spending cuts that congress and the president agreed to. to force themselves into a compromise. but so far, they have not agreed on anything. so barring a last-minute fix at the stroke of midnight on new year's eve, the bush tax cuts expire. the alternative minimum tax kicks in. more than half of all married couples with two children would owe an...
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213
Nov 15, 2012
11/12
by
FOXNEWSW
tv
eye 213
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that suggests a very weak economy. then you've got president obama saying we're going to tax the rich no matter what, we're going to tax the rich. then you've got the congressional budget office saying if you tax the rich, we lose 200,000 jobs next year. add it all up, and then you have a wall street selloff. and the separate reasons why wall street is selling off, that is dividends tax going up, p capital gains taxes going up. connect all the dot, and you've got -- megyn: those are taxes people pay on the money they make from their investments. >> yes, okay. if i buy a stock for $100, i sell it for $200, that is a a capital gain, and i'm taxed on it. next year it might be 20% or even 23.9%. megyn: and the argument is if the tax goes too high, then you decide not to invest, you decide to put your money maybe in real estate or in the mattress or someplace else, and that hurts the economy not to have your money out there. >> more to the point, if i sell now, this year, and pay 15% capital gain tax, that is much were the
that suggests a very weak economy. then you've got president obama saying we're going to tax the rich no matter what, we're going to tax the rich. then you've got the congressional budget office saying if you tax the rich, we lose 200,000 jobs next year. add it all up, and then you have a wall street selloff. and the separate reasons why wall street is selling off, that is dividends tax going up, p capital gains taxes going up. connect all the dot, and you've got -- megyn: those are taxes...
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641
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he blunted the bad economy by fighting governor romney to a draw on trust to handle the economy. you see in the exit polls, one point. and then beating him on this issue of empathy. there was an empathy gap, by ten points, the voters thought the president was more in touch of their problems. he also was able to brutally define mitt romney and was brilliant in his targeting of the voters he needed to get out. >> so, give me your bottom line on the republicans now. we talked about the soul-searching. what do they do next? >> reporter: soul-searching, perhaps civil war. you have to look at this party right now. they have won the popular vote only once since 1988 in the presidential race. and it was probably best summed by the head of the american conservative union. he said the party is too old, too white and too male. they lost young women, single women by 40 points, hispanics by almost 40 points, blacks by more than 80 points. this is a party that has to create a much bigger test. >> so he's saying it's a wakeup call. thank you so much, george. >>> and, as we said, after the big s
he blunted the bad economy by fighting governor romney to a draw on trust to handle the economy. you see in the exit polls, one point. and then beating him on this issue of empathy. there was an empathy gap, by ten points, the voters thought the president was more in touch of their problems. he also was able to brutally define mitt romney and was brilliant in his targeting of the voters he needed to get out. >> so, give me your bottom line on the republicans now. we talked about the...
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173
Nov 9, 2012
11/12
by
FOXNEWS
tv
eye 173
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the slowing economy here in the u.s. as well as in europe that's where mickey d's does 40 percent of the business is taking a toll. even in mcdonalds it typically thrives in these tough economic times because the menu is a inexpensive and they change it up a lot because people like it and even they are taking a hit. >> lauren simonetti thanks so much. >>> thanks patti ann. it's time to get our weather update with janice dean. are we seeing any more winter weather? >> the northeast gets a period of dry weather and warmer temperatures. but the west it's their turn they are going to see wintery weather. let's talk about the last storm system finally exiting the coast we are dealing with dry conditions and a warming trend. however across the west we have winter weather advisory for many states including blizzard warnings for the state of montana. we could see over a foot of snow heavy snow gusts 40-50 miles an hour. travel going to be next to impossible across the northern rockies the northern plains states. look at all of t
the slowing economy here in the u.s. as well as in europe that's where mickey d's does 40 percent of the business is taking a toll. even in mcdonalds it typically thrives in these tough economic times because the menu is a inexpensive and they change it up a lot because people like it and even they are taking a hit. >> lauren simonetti thanks so much. >>> thanks patti ann. it's time to get our weather update with janice dean. are we seeing any more winter weather? >> the...
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104
Nov 9, 2012
11/12
by
MSNBC
tv
eye 104
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ ♪ ♪ ♪ [ girl ] hey! [ both laugh ] ♪ ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. if we want to improve our schoo
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ ♪ ♪ ♪ [ girl ] hey! [ both laugh ] ♪ ♪ [ male announcer ] this is karen and...